Argentina

Thursday, November 3rd 2011 - 07:55 UTC
Fitch warns Argentina on foreign exchange controls and inflation

Fitch Ratings agency warned Wednesday that Argentina’s new dollar controls and measures aimed at curbing capital flight could narrow Cristina Fernández political options range.Likewise, the agency stated in the communiqué that the “continuity of such unorthodox policies represent nothing but risk.”
Wednesday, November 2nd 2011 - 20:26 UTC
“End of subsidies with no utility rates modifications” announces Argentina

Economy Minister Amado Boudou and Planning Minister Julio de Vido announced Wednesday in a press briefing, a full lift on subsidies; a decision which will reach various public sectors, including electricity gas and water companies. The changes imply annual fiscal savings of 600 million pesos (140 million dollars).
Wednesday, November 2nd 2011 - 04:50 UTC
Change of attitude? CFK tells street protestors to respect fellow citizens

President Cristina Fernández de Kirchner, CFK, blasted on Tuesday union protesters who set a roadblock in the Ricchieri highway, one of the main routes of access to the Argentine capital Buenos Aires.
Wednesday, November 2nd 2011 - 04:20 UTC
Argentine economy to expand 9% this year, says the Central Bank

Argentina’s central bank estimates that the country’s economy will expand 9% in 2011, above the central government forecast of 8.3%, according to the latest quarterly report released this week.
Tuesday, November 1st 2011 - 22:57 UTC
Argentina among top world exporters of chicken meat, while beef loses clout

Argentina is currently ranked among the world’s top six exporters of chicken meat (breast and legs) while in beef has dropped to position nine, according to the latest data from the US Department of Agriculture, USDA.
Tuesday, November 1st 2011 - 20:41 UTC
Boudou says Argentine foreign exchange market with stabilize in a few days

Argentina’s Economy Minister, Amado Boudou, came on stage again on Tuesday to bring calm to markets Monday’s debut of the very strict measures in the foreign exchange market strongly limiting the purchase of US dollars.
Tuesday, November 1st 2011 - 05:22 UTC
US confirms Obama/CFK meeting Friday: ‘opportunity for a positive relationship’

The US Government confirmed that president Barack Obama is scheduled to meet privately with President Cristina Fernández on Friday. The meeting will take place in Cannes, France one day after the G20 Summit begins.
Monday, October 31st 2011 - 19:27 UTC
Argentina drastically limits the purchase of ‘cheap dollars’ fuelled by inflation

Argentine Vice-president elect and Economy Minister Amado Boudou reiterated Monday that the new rules for foreign currency purchase in effect as of today are aimed towards discovering the “origin” of funds as opposed to the “destination” of the money.
Monday, October 31st 2011 - 05:50 UTC
Argentina could finally decide to name ambassador in London, says Clarin

While Argentina’ Foreign Affairs ministry prepares for a renewal of its main officials, according to Buenos Aires daily Clarin, among the possible policy changes beginning December 10, is naming ambassador in London, a post which remains vacant since 2008 when Federico Mirré period was over.
Monday, October 31st 2011 - 05:43 UTC
Buenos Aires launches 2011/12 cruise season; 400,000 visitors expected

The 2011/2012 cruise season in Buenos Aires officially opens next Wednesday with the arrival of the Norwegian flagged ‘Fram’. Until next May, 158 calls are expected in the port of Buenos Aires totalling 400.000 visitors which represents a 15% and 21% increase respectively over the previous season.